Financial Inclusion

Banks seeking to use a mobile app that promises to enable them to expand their businesses without building any physical branches, are required by the Bangko Sentral ng Pilipinas (BSP) to obtain a special license, the BusinessMirror reported. The app’s

Many of the world’s poor in developing countries — nearly 2 billion, according to the World Bank — struggle to lift themselves out of poverty simply because they don’t have a bank account or financial services. This is a missed opportunity for

Lenddo and Entrepreneurial Finance Lab (EFL), leaders in credit decisioning for emerging markets, today announced they are joining forces. Lenders will use the combined company’s unique platform to provide individuals worldwide with unprecedented, affordable access to convenient financial products. United

Fintech has the potential to dramatically improve financial inclusion, according to a report by the Brookings Institution, an American research group. Incumbents, new entrants, government agencies and policymakers must collaborate in order to harness the full potential of fintech. The

Despite Vietnam’s high smartphone and mobile Internet penetration rates, consumer adoption of fintech solutions remains low with cash-payment habit being hard to change. “Vietnamese, including the unbanked, have already used their mobile for many activities in their everyday life, but

With a population of over 250 million, consistent economic growth and high mobile phone penetration, Indonesia has emerged as one of Southeast Asia’s most promising markets for fintech disruption. The World Economic Forum predicts that by 2020, Indonesia will become

Bangladesh’s undeveloped financial system, huge unbanked population, and increasing smartphone penetration rate, have fueled the development of innovative digital finance solutions. Home to 160 million people, Bangladesh is the world’s eighth densely populated country and one of the top performing

While progress has been made in expanding financial inclusion, there are still billions of people in the world who do not have access to basic banking services, including access to credit. Between 2011 and 2014, the number of people worldwide

Singapore-headquartered Texcent is aiming to be the global leader in mobile payments and cashless transactions. It offers a digital payment platform (Paycent) with fully integrated mobile applications, enabling its users to transact in real time 24/7 while allowing merchants to